The correct
answer is: C. Special resolution and confirmation by Registrar of CompaniesThe object clause of the memorandum of association is the most important clause in the memorandum of association. It defines the purpose for which the company is formed. The object clause cannot be altered without the approval of the members of the company. The alteration of the object clause requires a special resolution, which is a resolution passed by a majority of at least 75% of the votes cast at a general meeting of the company. The special resolution must be confirmed by the Registrar of Companies before it becomes effective.
The Registrar of Companies is a government body that is responsible for registering companies and ensuring that they comply with the law. The Registrar of Companies will only confirm a special resolution to alter the object clause if it is satisfied that the alteration is not prejudicial to the interests
of the company or its members.The other options are incorrect because:
- An ordinary resolution is not sufficient to alter the object clause. An ordinary resolution is a resolution passed by a majority of the votes cast at a general meeting of the company.
- The Company Law Board is not involved in the process of altering the object clause. The Company Law Board is a government body that is responsible for hearing appeals against decisions of the Registrar of Companies.
I hope this explanation is helpful. Please let me know if you have any other questions.